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Notes to Accounts of DMC Education Ltd.

Mar 31, 2014

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 MANAGERIAL REMUNERATION:

Period/Year Ended 31-03-2014 31-3-2013 (Amount in Rs) (Amount in Rs)

1.4 CONTINGENT LIABILITIES: Nil Nil

1.5 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.6 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director)

Sham Sunder Gupta (Managing Director)

iii. Companies over which (ii) above has influence:

DMC Institute of Employbility Skills (P) Ltd.

Gupta & Rakesh Associates.

Shark Communications (P) Ltd.

Vsoft Services Pvt Ltd.

1.7 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2014.

1.8 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2013

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

Vsoft Services (P) Ltd

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director) Sham Sunder Gupta (Managing Director)

iii. Companies over which (ii) above has influence:

DMC Institute of Employbility Skills (P) Ltd. Gupta & Rakesh Associates. Shark Communications (P) Ltd.

1.6 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2013.

1.7 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2012

1.1 In the opinion of the Board, all the current assets, loans and advances are approximately of the value stated in the Balance Sheet, if realized in the ordinary course of the business.

1.2 The Company is in process of obtaining confirmation of Balance in respect of Trade Receivables, Trade Payables, Loans and Advances etc. Necessary adjustment, if any, will be made on receipts and reconciliation of such balance. In view of above, such balances are stated as per Books of Accounts only.

1.3 CONTINGENT LIABILITIES: Nil Nil

1.4 SEGMENT REPORTING (AS-17)

As per management, there is only one reportable segment during the year.

1.5 RELATED PARTY INFORMATION (AS-18)

A. Related Party Relationship

i. Associate Company:

Not Applicable

ii. Key Management Personnel:

Saroj Gupta (Whole Time Director) Sham Sundar Gupta (Managing Director) Ravi Saini (Additional Director) Babulal Vijay (Director)

iii. Companies over which (ii) above has influence:

Not Applicable

1.6 Information pursuant to part II of the Companies Act 1956:

i) No of employees who are in receipt of remuneration of Rs. 60,00,000/- or more if employed full year or Rs. 5,00,000/- or more per month if employed for part of the year. Nil ( Previous year Nil )

ii) Earning in Foreign Currency Nil ( Previous year Nil )

iii) Expenditure in Foreign Currency Nil ( Previous year Nil )

1.7 According to the information available with the company, there is no amount due to Micro, Small & Medium Enterprises as at 31st March, 2012.

1.8 Previous year figures have been reclassified & regrouped wherever necessary.


Mar 31, 2010

A. DETAIL RELATING TO OPENING STOCK, PURCHASES, REVENUE AND CLOSING STOCK

Now the company steps into the education sector and has taken up M/S TRUMP AND GATES on 5th October, 2009

B. RELATED PARTY TRANSACTIONS AS PER ACCOUNTING STANDARD 18

1. Related party where control exists: Company has no subsidiary.

2. Other related parties with whom the company has transacted:

a) Associates (Parties in which company has substantial interest) No company in which company has substantial interest.

b) Key managerial personnel.

No transaction has recorded with Key Managerial Personnel.

c) Relative of key managerial personnel.

No transaction has recorded with the relative of key managerial personnel.

3. Details of significant transactions with related parties described above carried out on an Arm’s length basis:

Disclosure pursuant to clause 32 of Listing Agreement in respect of loans given to subsidiaries and other parties in which key managerial personnel are interested.

The company has changed its area of business from real estate to education sector.

C. TAXATION :

a) Upon finalization of income tax return of asst. year 2009-10 an amount of Rs.2,53,479/-(Net) has been charged as tax expense.

D. An amount of Rs 13,68,154/- has been written off as Bad-Debts during the financial year 2009-10.

E. Contingent Liability not provided for exist in respect of:

Any demand that may be raised by Income-tax authorities on completion of Assessment.

G. Previous year figures have been regrouped/rearrange wherever necessary.

H. Value of Imports calculated on C.I.F. value. NIL

I. Amount paid during the year in foreign currency on account of Dividend:NIL

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